VIP Karon

4.5 (4 Reviews)

Karon, Phuket Town,Phuket

Unit ID: U1003618
7% GUAR. RETURN FOR 5 YEARS
฿3,310,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
28.40 SqM Size
Floors
1 Floor
Construction
Jun 2022 Off Plan

1 Bedroom Condo for sale at VIP Karon

This property is a 28.40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the VIP Karon project in Karon, Phuket and it is scheduled for completion in Jun 2022. You can buy this condo for a base price of ฿3,310,000 (฿116,549/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 1
Bedroom 1
Size 28.40 SqM
Price per SqM ฿116,549
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Leasehold
Furniture
Unfurnished
View(s) Sea View
Unit Type F
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,704/mo
Listed By
Developer
Date Listed Jun 23, 2021
Last Updated 4 days ago
Unit ID U1003618

Investment Opportunity: Charges & Yield

Sale Price
฿3,310,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,704/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
15
Guaranteed Rental Return
7%
Guarantee Duration
5 Years

Project Details

Project Name: VIP Karon
Developer: Phuket9 Co., Ltd.
Construction: Off Plan (Jun 2022)
Floors: 8
Buildings: 2
Units: 122
Project Area: 3,200 SqM
Nearest Landmark Karon Beach - 0.6 Km
Location: Karon, Phuket Town, Phuket
VIP Karon Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at VIP Karon

  • Communal Pool
    Rooftop
  • On Site Restaurant
    Ground Floor
  • Reception / Lobby Area
    Ground Floor

Available Units at VIP Karon

Get notified when new homes are being added to VIP Karon

Loan Calculator

Project Progress

VIP Karon 5%
Expected completion date: June 2022

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Foundation start
20%
3rd Installment
Building structure completion
20%
4th Installment
Completion of the walls
20%
5th Installment
Completion of interior
5%
6th Installment
On handover
5%

Frequently asked questions

No pets are allowed at VIP Karon unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿1,704 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At VIP Karon the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
VIP Karon offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Karon Beach is the nearest Beach from VIP Karon and it is 0.6 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

Read more here

After you have found the right property you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Foundation start
20%
3rd Installment
Building structure completion
20%
4th Installment
Completion of the walls
20%
5th Installment
Completion of interior
5%
6th Installment
On handover
5%

Read more here

 

Sure and with travel restrictions this is becoming a more popular option. We have online immersive tours of a large number of properties so you can see all properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend lawyer to manage the entire transfer of the property into your name without you physically being here.

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.5 out of 5 4.5
Based on
4 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The new project is under construction.
4.2 Justin Harrow, Australia, 1 year ago
It is a new project located on the main road near Karon Beach. The entrance is not difficult to find. I think it's worth investing here because there will be many tourists and investors after the situation returns to normal. It is a low-rise condo with 8 floors height, but excellent quality. There is a rooftop swimming pool and a point for the villagers to sit and enjoy the beautiful view. The project will be completed soon, so be sure to reserve it !!
The condo with a beautiful location
4.5 Stephan Puckett, Canada, 1 year ago
The project location is excellent and close to 3 beaches on Phuket island. It is a good condo with a very modern design. Now, it is still under construction and expected to be completed in 2021. Based on a picture of the structure, it is good looking and quality. A variety of amenities surrounds the condo. Therefore, it is quite matching my needs, and with an abundance of condo locations surrounded by various trees around, it is quite refreshing. Moreover, the project is located in a potential community in the Karon area and not far from civilization. It can also be connected to all routes, convenient walking, nearby condominiums, restaurants, and convenience stores. I've already reserved 1 room!
Suitable for investment !
4.8 Justin Harrow, Australia, 1 year ago
The condo is suitable for long term investment, for renting out to foreigners because there are plenty of foreigners living, working, and traveling around the Karon area. Plus, the project also has a guaranteed return of 7%, which is interesting. The common areas include a rooftop, parking space, and onsite restaurant. My studio room at 36 sq.m is fully furnished with quality furniture, so liveable! I don't think investing in this place will disappoint you!
An interesting condo in the Karon area
4.5 Justin Harrow, Australia, 1 year ago
One of the interesting condos in the Karon area, a famous attraction of Phuket, attracts tourists worldwide, so there are many restaurants, shops, and massage parlors. Living in this area is quite convenient. For me, I bought the room for rental business and speculative sales in the future because the location is considered a prime area. To my knowledge, this is a high-quality condo with a wide unit area, well decorated with a full set of furniture. It's ready to move in. The project has a swimming pool and a gym, really convenient! It's easy to travel too. For those who own a car, you can drive into the town within 30 minutes, or you can take a public bus. I would recommend it here for both living and investing purposes.

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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